It is next to impossible for anyone to predict a medical emergency and its severity. Therefore, to cope with such uncertainties, it is important to make necessary arrangements, such as buying health insurance, well in advance.
While there is a multitude of insurance policies available, it is advantageous to look for a health insurance policy with a cashless claim facility. Before inching towards a detailed guide on its benefits and process, let's dive deep and understand cashless health insurance.
What is Cashless Health Insurance?
Under cashless health insurance, the insurer settles your medical bill directly with the hospital, provided the hospital to which you're admitted is one of the insurer's network hospitals. This mitigates any possible run for gathering documents and arranging finances to pay the hospital bill in the first place. In contrast, under health insurance policies with reimbursement facility, you need to pay your medical bill in the first place and then file a claim to get your amount reimbursed.
Why is it Advised to Have Cashless Health Insurance?
As we all know, medical uncertainties arrive without prior notice. And, during such uncertainties, it is difficult to arrange funds at short notice for paying the hospital bill. However, if you buy a health insurance plan with a cashless claim facility, you might not have to pay anything out of your pocket or collate documents. Therefore, cashless health insurance relieves stress during such critical times. You just need to ensure that the hospital you're admitted to is one of the insurer's network hospitals.
How Does Cashless Health Insurance Work?
The cashless claim settlement process at the insured's end is hassle-free. Under this, the insurance providers themselves set off the negotiations and payment formalities with hospitals. However, the bill should be equal to or less than your insurance policy's sum assured. If your medical bill exceeds the sum assured of your health insurance policy, you might have to the difference amount.
Why Should You Get Cashless Health Insurance?
If getting a smart health insurance plan is your next goal, you may consider a health insurance plan with a cashless claim settlement facility. Here's a list of benefits it possesses -
Cashless health insurance saves your time and energy during medical exigencies. The automatic back-end process between network hospitals and insurers makes sure the payments get done seamlessly.
But, to avail optimum benefits from cashless health insurance plans, make sure you choose your insurance provider wisely. The insurance companies like TATA AIG provide reliable cashless health insurance plans, saving you from anxiety during such crucial times. Additionally, they have a competitive claim settlement ratio and satisfied clientele, making them one of India's top insurance providers.
- No Last-minute Run for Documents
As insurance providers and network hospitals are directly in touch, you need not get involved in last-minute document gathering. In addition, the cashless health insurance policies don't need any stringent documents from the insured's end, thereby mitigating the last-minute hassle.
- Immediate Payment Adjustments
No matter at what time you need insurance providers' support, if you have a cashless health insurance plan, things become easy. The insurers automatically adjust payment with hospitals without bothering clients much. This third-party support elevates the ease and facilitates the whole process of claim adjustments.
- No Need of Arranging Finances
Cashless health insurance policies save you from the difficulties of arranging finances. The direct adjustment comforts one in emergencies and reduces stress. You can comfortably take care of your health by availing best treatment.
Cashless health insurance plans save you from stress, last-time burnouts, and other worries. However, it is vital to buy such crucial health insurance policies from credible insurance providers such as tataaig.com. They've been in the industry for 20 years, have a competitive claim settlement ratio, offer exceptional services, and are trusted by thousands of people.
Secure your health with health insurance today!